John Chen tells Reuters that he expects to continue phone development, arguing that there are “enough ingredients” for long-term success. Executives at the company can’t rest so easily, however, as the new CEO intends a shake-up of BlackBerry’s management that will include some outsiders.

BlackBerry will now raise $1bn investment in to its business. Can BlackBerry resurrect itself like Apple once did? As much as I would love to see them succeed, I just don’t see how this can be done with competition being as strong as it is. And the stock market aren’t happy too. Blackberry shares have fallen by 17%.